TOLL vs. DFND ETF Comparison

Comparison of Tema Monopolies and Oligopolies ETF (TOLL) to Realty Shares DIVCON Dividend Defender ETF (DFND)

TOLL

Tema Monopolies and Oligopolies ETF

TOLL Description

Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80% of its net assets, which include borrowings for investment purposes, in domestic and foreign, common and preferred stocks of publicly listed companies where the Herfindahl"Hirschman (HHI) index of the market of operation representing more than 50% of the company"s revenue is above 2,500. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$33.02

Average Daily Volume

1,614

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DFND

Realty Shares DIVCON Dividend Defender ETF

DFND Description

The investment seeks long-term capital appreciation by tracking the performance, before fees and expenses, of the Reality Shares DIVCON Dividend Defender Index. The index is designed to select the companies for a long position that have the highest probability of increasing their dividend in a 12-month period and select the companies for a short position that have the highest probability of decreasing their dividend in a 12-month period. Under normal circumstances, at least 80% of the fund's assets (other than collateral held from securities lending, if any) will be invested in component securities of the benchmark index. It is non-diversified.

Grade (RS Rating)

Last Trade

$43.30

Average Daily Volume

849

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TOLL	DFND
30 Days	-0.06%	6.81%
60 Days	-1.76%	3.15%
90 Days	-0.44%	13.91%
12 Months	23.30%	14.05%

9 Overlapping Holdings

Symbol	Grade	Weight in TOLL	Weight in DFND	Overlap
ADI	D	1.89%	1.37%	1.37%
AON	A	2.75%	1.52%	1.52%
CME	B	2.78%	1.24%	1.24%
INTU	B	3.61%	0.78%	0.78%
KLAC	F	2.58%	2.42%	2.42%
MCO	B	5.89%	1.85%	1.85%
MSCI	C	3.4%	1.33%	1.33%
SHW	B	4.25%	2.25%	2.25%
V	A	5.4%	2.68%	2.68%

TOLL Overweight 19 Positions Relative to DFND

Symbol	Grade	Weight
GE	D	6.07%
FICO	B	5.6%
ICE	C	5.5%
SPGI	C	4.6%
CPRT	B	3.29%
VMC	B	3.28%
EFX	F	2.79%
TER	F	2.7%
TYL	B	2.69%
WAT	C	2.38%
TMO	F	2.22%
LOW	C	2.1%
LRCX	F	2.09%
CNI	F	1.91%
TECH	F	1.9%
DE	B	1.5%
IDXX	F	1.5%
GILD	C	1.09%
BDX	F	1.0%

TOLL Underweight 61 Positions Relative to DFND

Symbol	Grade	Weight
SNA	A	-2.66%
CTAS	B	-2.6%
VRSK	A	-2.44%
PG	C	-2.27%
GWW	B	-2.25%
FDS	B	-2.22%
NDSN	B	-2.22%
MCD	D	-2.2%
BRO	B	-2.13%
MPC	D	-2.11%
CMI	A	-2.09%
LMT	D	-2.05%
PHM	D	-2.0%
MSI	B	-1.86%
PPG	F	-1.77%
MA	B	-1.75%
ETN	A	-1.74%
ITW	B	-1.71%
ROK	C	-1.65%
AMAT	F	-1.59%
ALLE	C	-1.51%
CSCO	B	-1.5%
DHI	F	-1.47%
HON	C	-1.45%
J	D	-1.42%
CB	C	-1.39%
HSY	F	-1.36%
MPWR	F	-1.31%
HUBB	B	-1.27%
CBOE	C	-1.26%
MMC	B	-1.21%
COST	A	-1.2%
LIN	C	-1.2%
CMCSA	B	-1.15%
FAST	B	-1.13%
LW	C	-1.13%
AOS	F	-1.09%
ALB	B	-1.01%
MSFT	D	-1.0%
AAPL	C	-0.95%
GL	C	-0.93%
ODFL	C	-0.88%
AVGO	D	-0.86%
MLM	C	-0.8%
BR	A	-0.75%
ACN	B	-0.34%
MCHP	F	-0.08%
PARA	C	--0.33%
APA	D	--0.82%
INTC	C	--1.08%
VFC	C	--1.1%
DVN	F	--1.12%
FCX	F	--1.86%
NWS	B	--1.96%
LUV	C	--2.05%
SW	A	--2.15%
T	A	--2.19%
IP	A	--2.32%
F	C	--2.41%
CNP	A	--2.56%
D	C	--2.96%